DroneMatrix: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DroneMatrix
Largest movements
- Intangible fixed assets +€255,820
up €255,820 (+21.1%), from €1.2m to €1.5m
- Receivables within one year +€176,941
up €176,941 (+39.7%), from €445,327 to €622,268
of which Other amounts receivable: +€126,451
- Tangible fixed assets -€82,881
down €82,881 (-27.6%), from €300,302 to €217,421
of which Plant, machinery and equipment: -€75,910
- Stocks and contracts +€52,934
up €52,934 (+28.1%), from €188,102 to €241,036
of which Stocks: +€52,934
- Cash +€27,543
up €27,543 (+103.3%), from €26,658 to €54,201
mainly Contributions, distributions and other (+€1.1m) and Depreciation (+€452,566)
- Contributions +€1.0m
up €1.0m (+64.6%), from €1.6m to €2.6m
- Profit (loss) carried forward -€342,305
down €342,305 (-28.9%), from -€1.2m to -€1.5m
- Other debts -€179,366
down €179,366 (-46.0%), from €390,242 to €210,876
- Investment grants +€87,705
up €87,705 (+23.1%), from €379,808 to €467,513
- Advances received -€72,175
down €72,175 (-29.4%), from €245,675 to €173,500
- Gross operating margin +€198,990
up €198,990 (+51.6%), from €385,293 to €584,283
- Depreciation +€91,570
up €91,570 (+25.4%), from €360,995 to €452,566
- Staff costs +€63,045
up €63,045 (+12.9%), from €489,598 to €552,643
- Financial income +€54,228
up €54,228 (+87.0%), from €62,307 to €116,535
- Financial charges -€16,481
down €16,481 (-30.9%), from €53,301 to €36,820
of which Financial charges: -€17,196
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,181,165 | €2,632,498 | +€451,333 | +20.7% |
| Fixed assets | 21/28 | €1,511,894 | €1,696,233 | +€184,340 | +12.2% |
| Intangible fixed assets | 21 | €1,211,592 | €1,467,412 | +€255,820 | +21.1% |
| Tangible fixed assets | 22/27 | €300,302 | €217,421 | -€82,881 | -27.6% |
| Plant, machinery and equipment | 23 | €266,105 | €190,194 | -€75,910 | -28.5% |
| Furniture and vehicles | 24 | €13,037 | €15,418 | +€2,382 | +18.3% |
| Leasing and similar rights | 25 | €3,861 | - | -€3,861 | |
| Other tangible fixed assets | 26 | €17,299 | €11,808 | -€5,491 | -31.7% |
| Financial fixed assets | 28 | - | €11,400 | +€11,400 | |
| Current assets | 29/58 | €669,271 | €936,265 | +€266,994 | +39.9% |
| Stocks and contracts in progress | 3 | €188,102 | €241,036 | +€52,934 | +28.1% |
| Stocks | 30/36 | €136,180 | €189,114 | +€52,934 | +38.9% |
| Contracts in progress | 37 | €51,922 | €51,922 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €445,327 | €622,268 | +€176,941 | +39.7% |
| Trade receivables | 40 | €381,336 | €431,825 | +€50,490 | +13.2% |
| Other amounts receivable | 41 | €63,992 | €190,443 | +€126,451 | +197.6% |
| Cash at bank and in hand | 54/58 | €26,658 | €54,201 | +€27,543 | +103.3% |
| Deferred charges and accrued income | 490/1 | €9,183 | €18,759 | +€9,576 | +104.3% |
| Total equity and liabilities | 10/49 | €2,181,165 | €2,632,498 | +€451,333 | +20.7% |
| Equity | 10/15 | €789,551 | €1,557,951 | +€768,400 | +97.3% |
| Contributions | 10/11 | €1,582,395 | €2,605,395 | +€1.0m | +64.6% |
| Capital | 10 | €1,582,395 | €2,605,395 | +€1.0m | +64.6% |
| Issued capital | 100 | €1,582,395 | €2,612,395 | +€1.0m | +65.1% |
| Uncalled capital | 101 | - | €7,000 | +€7,000 | |
| Reserves | 13 | €10,856 | €10,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,856 | €10,856 | = | 0.0% |
| Legal reserve | 130 | €10,856 | €10,856 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,183,508 | -€1,525,813 | -€342,305 | -28.9% |
| Investment grants | 15 | €379,808 | €467,513 | +€87,705 | +23.1% |
| Provisions and deferred taxes | 16 | €33,903 | €45,580 | +€11,677 | +34.4% |
| Deferred taxes | 168 | €33,903 | €45,580 | +€11,677 | +34.4% |
| Amounts payable | 17/49 | €1,357,711 | €1,028,968 | -€328,743 | -24.2% |
| Amounts payable within one year | 42/48 | €1,357,711 | €1,028,169 | -€329,542 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €3,823 | - | -€3,823 | |
| Trade debts | 44 | €424,358 | €409,364 | -€14,994 | -3.5% |
| Suppliers | 440/4 | €424,358 | €409,364 | -€14,994 | -3.5% |
| Advances received on contracts in progress | 46 | €245,675 | €173,500 | -€72,175 | -29.4% |
| Taxes, remuneration and social security | 45 | €293,613 | €234,429 | -€59,185 | -20.2% |
| Taxes | 450/3 | €101,209 | €23,610 | -€77,599 | -76.7% |
| Remuneration and social security | 454/9 | €192,404 | €210,818 | +€18,414 | +9.6% |
| Other amounts payable | 47/48 | €390,242 | €210,876 | -€179,366 | -46.0% |
| Accrued charges and deferred income | 492/3 | - | €799 | +€799 | |
| Remuneration, social security and pensions | 62 | €489,598 | €552,643 | +€63,045 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360,995 | €452,566 | +€91,570 | +25.4% |
| Other operating charges | 640/8 | €1,095 | €4,843 | +€3,748 | +342.2% |
| Gross operating margin | 9900 | €385,293 | €584,283 | +€198,990 | +51.6% |
| Operating profit (loss) | 9901 | -€466,395 | -€425,768 | +€40,627 | +8.7% |
| Financial income | 75/76B | €62,307 | €116,535 | +€54,228 | +87.0% |
| Recurring financial income | 75 | €62,307 | €116,535 | +€54,228 | +87.0% |
| Financial charges | 65/66B | €53,301 | €36,820 | -€16,481 | -30.9% |
| Recurring financial charges | 65 | €53,301 | €36,105 | -€17,196 | -32.3% |
| Non-recurring financial charges | 66B | - | €715 | +€715 | |
| Profit (loss) for the period before taxes | 9903 | -€457,389 | -€346,053 | +€111,336 | +24.3% |
| Transfer from deferred taxes | 780 | €28 | €5,289 | +€5,261 | +18930.5% |
| Income taxes | 67/77 | €1,309 | €1,540 | +€232 | +17.7% |
| Profit (loss) for the period | 9904 | -€458,670 | -€342,305 | +€116,365 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€458,670 | -€342,305 | +€116,365 | +25.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.